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ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of Total System Services LLC (TSYS) by Fidelity National Information Services Inc. (FIS) from Global Payments Inc.
The CCP noted that FIS currently provides core banking software solutions in Pakistan, supporting the digital infrastructure of financial institutions. TSYS, meanwhile, offers card-processing systems and is engaged with only two banks in the local market.
Since both entities operate in separate segments of the financial technology services sector and do not directly compete, the Commission concluded that the proposed acquisition does not raise any competition concerns.
Copyright Business Recorder, 2025
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